Elizabeth Holmes, the former CEO and founder of private blood testing startup company Theranos, was convicted and found guilty on four out of 11 charges of defrauding investors. The high-profile, 4-month-long criminal trial has made Holmes the first ever Silicon Valley CEO to be convicted of a white-collar crime. However, Holmes has pleaded not guilty. Theranos made claims of designing blood tests that required very small amounts of blood. Furthermore, the company claimed that the tests could be performed very rapidly by using small automated devices the company had developed.
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